A client asks you to fill out a one page government form. Name, address, how much rent they pay. It only takes two minutes, but I won't do it.

Yehuda Tenenbaum and I got into this while recording an episode about tax tech, and it went far enough off track that it became its own video. He's an EA. I'm a CPA. Our rules aren't the same.

What we get into:

Why signing off on a client's numbers is an attest service, whether you meant it that way or not
Comfort letters, and what mortgage brokers actually need from you
The AICPA's template letter and what it really says
Compilations vs bookkeeping vs financial statement prep
Why your clients almost certainly don't need an audit or a review
What happens to an unlicensed preparer who signs one of these and what happens to a CPA

This is two people talking, not advice for your situation. Your state board, your license, and your liability are yours. Check with someone qualified before you sign anything.

Join the community for tax firm owners here:
https://www.acceleratorcommunity.com/join-now

Signup for my newsletter:
https://www.wootencpa.com/newsletters

Find me on LinkedIn
https://www.linkedin.com/in/brad-wooten-cpa/

******************************

*Disclaimer:
This podcast is for entertainment purposes only and is not financial, tax, or legal advice.

All content on this podcast is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Our content is not tax, financial, or legal advice and should not be implemented as such by any individual, business, or other entity. Should you need such advice, consult a licensed financial, legal, or tax advisor. Any information contained in our content related to budgeting, finances, taxes, investments, etc. are solely our opinions and are not intended to influence specific decisions you make as it relates to your finances. No guarantee is given regarding the accuracy of the information on this podcast. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

A couple of guys I'd been watching shared their numbers. I was making more than both of them, and I'd started my firm before they did. Plus, I have some great processes that are unique. That's when I decided I could start talking about how I run my firm.

That's the whole reason this channel exists, and it's the thing I want you to take from this episode: the people you're watching are not as far ahead of you as you think, including me. They're just posting about what they're doing.

Yehuda Tenenbaum, EA came to Orlando to talk about simplifying your firm before tax season. We got into the minimum tech you need to start, why I built my own TaxDome pipeline instead of buying one, and the Claude projects I use for review, reasonable comp, and tax strategy.

I also explain why I (sometimes) stop watching Jason Staats videos. We love Jason. Watch the segment before you send me an angry message.

What we cover:

Why you feel behind, and why that's a stress problem instead of a tech problem
The minimum stack to start a firm, and what you can skip
Understanding pipelines before you buy someone else's
Whether every service needs its own pipeline
The Google doc I keep all tax season and work through every August
Using AI in a way where you still own the output
Build it yourself or pay someone to keep it updated

Join the community for tax firm owners here:
https://www.acceleratorcommunity.com/join-now

Signup for my newsletter:
https://www.wootencpa.com/newsletters

Find me on LinkedIn
https://www.linkedin.com/in/brad-wooten-cpa/

******************************

*Disclaimer:
This podcast is for entertainment purposes only and is not financial, tax, or legal advice.

All content on this podcast is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Our content is not tax, financial, or legal advice and should not be implemented as such by any individual, business, or other entity. Should you need such advice, consult a licensed financial, legal, or tax advisor. Any information contained in our content related to budgeting, finances, taxes, investments, etc. are solely our opinions and are not intended to influence specific decisions you make as it relates to your finances. No guarantee is given regarding the accuracy of the information on this podcast. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

In this series I sit down with fellow tax firm owners to talk about the real stories behind building, running, and growing a tax practice. No scripts, no sales pitches. Just open conversations between tax firm owners who’ve been there.

This series is all about encouraging current and aspiring firm owners, sharing lessons learned, and connecting our community.

Connect with Steven:
https://www.linkedin.com/in/stevenajarvis/

Join the community for tax firm owners here:
https://www.acceleratorcommunity.com/join-now

Signup for my newsletter:
https://www.wootencpa.com/newsletters

Find me on LinkedIn
https://www.linkedin.com/in/brad-wooten-cpa/

******************************

*Disclaimer:
This podcast is for entertainment purposes only and is not financial, tax, or legal advice.

All content on this podcast is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Our content is not tax, financial, or legal advice and should not be implemented as such by any individual, business, or other entity. Should you need such advice, consult a licensed financial, legal, or tax advisor. Any information contained in our content related to budgeting, finances, taxes, investments, etc. are solely our opinions and are not intended to influence specific decisions you make as it relates to your finances. No guarantee is given regarding the accuracy of the information on this podcast. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.